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Scott Wapner Believes That Bill Ackman Is Increasing His Short Position In Herbalife

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Speaking on CNBC, Scott Wapner said that Bill Ackman is "pressing his short" in Herbalife (NYSE: HLF).

He explained that back in January, somebody bought a big quantity of put options with January 2015 expiration and a $50 strike in Herbalife, and many traders believe that Bill Ackman was behind that trade. Today that trader rolled out his position and extended the expiration date for a full year. He has even committed more capital to that trade.

Wapner and the unnamed experts he has consulted on this matter think that the size of this trade indicates that only one person could be behind that trade: Ackman.

Ackman declined to comment on the trade.

Herbalife is under FTC investigation, and these investigations usually take some time. So, it is understandable why the owner of the January 2015 puts decided to buy some more time.

Posted-In: Bill Ackman Scott WapnerCNBC News Media

 

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